IIPR Q2 2023 Earnings — Innovative Industrial Properties, Inc. Revenue & Financial Results | Market Cap Arena

IIPRInnovative Industrial Properties, Inc.

$2B

Q2 2023 Earnings

Real Estate REIT - Industrial

Income Statement

Revenue

$76M+8.4% YoY

Gross Profit

$71M92.5% margin

Operating Income

$43M56.8% margin

Net Income

$41M54.0% margin

EPS (Diluted)

$1.44

QoQ Revenue Growth

+0.5%

Cash Flow

Operating Cash Flow

$62M

Free Cash Flow

$62M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$2.4B

Total Liabilities

$443M

Stockholders' Equity

$2.0B

Cash & Equivalents

$93M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$76M	$71M	+8.4%
Gross Profit	$71M	$68M	+3.8%
Operating Income	$43M	$44M	-1.6%
Net Income	$41M	$40M	+2.6%

Geographic Segments

Pennsylvania

$2M82%

TEXAS

$395,00018%